Assisted Early Retirement Sample Clauses

Assisted Early Retirement. The Employer may, without prejudice, propose to an employee an early retirement package which may include a financial settlement. The Union will be informed of such an arrangement.
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Assisted Early Retirement. A member who is eligible to retire from the Non-Academic Pension Plan on the date of the notice may elect to take assisted early retirement. The retirement date must be within sixty days following the date of the notice of position elimination. The member taking early retirement will be paid the sum of two hundred and fifty dollars per month from the first of the month following retirement for a maximum of ten years or until the member becomes eligible to receive unreduced OAS/CPP payments, whichever is sooner. Such payments cease in the event of the death of the employee. In addition, the Employer will maintain the basic group life insurance and the dental plan for the employee during this period. An employee opting to accept the benefits outlined in this Article will forego any other rights under Article 12 and will cease being an employee of the Employer on the date of early retirement.
Assisted Early Retirement. Within thirty calendar days of written notice of position elimination being given, a member who is eligible to retire from the Non-Academic Pension Plan on the date of the notice, may elect to take assisted early retirement, at any date within sixty days following the date of the notice of position elimination, with the following benefits: The member taking early retirement will be paid the sum of two hundred and fifty dollars per month from the first of the month following retirement for a maximum of ten years or until the member becomes eligible to receive unreduced OAS/CPP payments, whichever is sooner. Such payments cease in the event of the death of the employee. In addition, the Employer will maintain the basic group life insurance and the dental plan for the employee during this period. An employee opting to accept the benefits outlined in this Article (12.1.2) will forego any other rights under Article 12 and will cease being an employee of the Employer on the date of early retirement.
Assisted Early Retirement. The gallery may, without prejudice, propose to an employee an early retirement package which may include a financial settlement. The union will be informed of such an arrangement.
Assisted Early Retirement 

Related to Assisted Early Retirement

  • Early Retirement An employee entitled to twenty-five (25) or more days of annual vacation shall be entitled to defer up to five (5) days per year of vacation into an Early Retirement Bank. An employee entitled to thirty (30) or more days of annual vacation shall be entitled to defer up to ten (10) days per year of vacation into an Early Retirement Bank. Such deferred vacation may only be taken immediately prior to retirement. The Employer may, at its sole discretion, permit an employee to use such banked vacation under other circumstances.

  • Early Retirement Age The age set by the Employer in the Adoption Agreement, not less than age fifty-five (55), at which a Participant becomes fully vested and is eligible to retire and receive his or her benefits under the Plan.

  • Early Retirement Date Early Retirement Date shall mean a retirement from employment which is effective prior to the Normal Retirement Age stated herein, provided the Executive has attained age sixty (60) with thirty (30) years of service with the bank.

  • Early Retirement Benefit Upon Termination of Service prior to the Normal Retirement Age for reasons other than death, Change of Control or Disability, the Company shall pay to the Director the benefit described in this Section 4.2 in lieu of any other benefit under this Agreement.

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

  • Normal Retirement Normal Retirement Age under the Plan is: (Choose (a) or (b)) [X] (a) 65 [State age, but may not exceed age 65].

  • Normal Retirement Age Normal Retirement Age shall mean the date on which the Executive attains age sixty-five (65).

  • Normal Retirement Date The term “Normal Retirement Date” means “Normal Retirement Date” as defined in the primary qualified defined benefit pension plan applicable to the Executive, or any successor plan, as in effect on the date of the Change in Control of the Company.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Early Retirement Incentive The Employer may offer to any faculty member or a faculty member may apply for one of the early retirement incentive alternatives described herein, provided the faculty member meets the following criteria. The Union shall be advised in writing of any offer of early retirement made to a faculty member.

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